Enbridge Energy Partners LP (EEP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5400 WESTHEIMER COURT HOUSTON, TX 77056 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 35,000 | 28,300 | 123,700 | 104,300 | |||||
| Cash and cash equivalent | 35,000 | 28,300 | 123,700 | 104,300 | |||||
| Receivables | 52,000 | 77,000 | 65,000 | 77,800 | 63,600 | 22,400 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,000 | 39,400 | |||||||
| Inventory | 2,000 | 39,400 | |||||||
| Other current assets | 30,000 | 18,000 | 24,000 | 36,900 | 41,300 | 84,600 | |||
| Other undisclosed current assets | 207,000 | 210,000 | 204,000 | 175,900 | 192,600 | 177,900 | |||
| Total current assets: | 289,000 | 305,000 | 330,000 | 318,900 | 421,200 | 428,600 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 12,978,000 | 12,955,000 | 12,896,000 | 12,820,100 | 12,631,900 | 16,696,400 | |||
| Long-term investments and receivables | 1,530,000 | 1,593,000 | 1,565,000 | 1,565,300 | 1,563,100 | 1,870,600 | |||
| Long-term investments | 1,530,000 | 1,593,000 | 1,565,000 | 1,565,300 | 1,563,100 | 1,870,600 | |||
| Intangible assets, net (including goodwill) | 253,500 | ||||||||
| Intangible assets, net (excluding goodwill) | 253,500 | ||||||||
| Other noncurrent assets | 38,000 | 33,000 | 37,000 | 33,900 | 51,200 | 130,000 | |||
| Total noncurrent assets: | 14,546,000 | 14,581,000 | 14,498,000 | 14,419,300 | 14,246,200 | 18,950,500 | |||
| TOTAL ASSETS: | 14,835,000 | 14,886,000 | 14,828,000 | 14,738,200 | 14,667,400 | 19,379,100 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 356,000 | 383,000 | 327,000 | 550,500 | 519,200 | 589,500 | |||
| Interest and dividends payable | 81,000 | 100,000 | 85,000 | 109,500 | 88,700 | 113,100 | |||
| Taxes payable | 87,000 | 107,000 | 106,000 | 88,200 | 77,400 | 104,900 | |||
| Accounts payable | 188,000 | 176,000 | 74,000 | 352,800 | 353,100 | 371,500 | |||
| Accrued liabilities | 62,000 | ||||||||
| Debt | 600,000 | 1,000,000 | 500,000 | 399,800 | 400,000 | 1,500,000 | |||
| Derivative instruments and hedges, liabilities | 9,000 | ||||||||
| Accrued environmental loss contingencies | 17,000 | 17,000 | 23,000 | 18,100 | 23,600 | 97,500 | |||
| Other liabilities | 2,000 | ||||||||
| Due to related parties | 51,000 | 54,000 | 48,000 | 55,400 | 38,700 | 488,900 | |||
| Other undisclosed current liabilities | 26,000 | 179,600 | |||||||
| Total current liabilities: | 1,024,000 | 1,454,000 | 935,000 | 1,023,800 | 981,500 | 2,855,500 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,133,000 | 5,702,000 | 6,366,000 | 6,291,100 | 6,479,300 | 8,534,800 | |||
| Long-term debt, excluding current maturities | 6,133,000 | 5,702,000 | 6,366,000 | 6,291,100 | 6,479,300 | 8,534,800 | |||
| Liabilities, other than long-term debt | 158,000 | 180,000 | 178,000 | 210,700 | 205,400 | 228,700 | |||
| Other liabilities | 158,000 | 180,000 | 178,000 | 210,700 | 205,400 | 228,700 | |||
| Other undisclosed noncurrent liabilities | 750,000 | 750,000 | 610,000 | 544,000 | 420,600 | ||||
| Total noncurrent liabilities: | 7,041,000 | 6,632,000 | 7,154,000 | 7,045,800 | 7,105,300 | 8,763,500 | |||
| Total liabilities: | 8,065,000 | 8,086,000 | 8,089,000 | 8,069,600 | 8,086,800 | 11,619,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | (179,000) | (187,000) | (199,000) | (333,300) | (338,900) | (329,900) | |||
| Accumulated other comprehensive loss | (179,000) | (187,000) | (199,000) | (333,300) | (338,900) | (329,900) | |||
| Equity, attributable to noncontrolling interest | 5,070,000 | 5,073,000 | 4,969,000 | 4,896,400 | 4,845,100 | 3,884,700 | |||
| Other undisclosed equity | 1,879,000 | 1,914,000 | 1,969,000 | 2,105,500 | 2,074,400 | 4,205,300 | |||
| Total equity: | 6,770,000 | 6,800,000 | 6,739,000 | 6,668,600 | 6,580,600 | 7,760,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,835,000 | 14,886,000 | 14,828,000 | 14,738,200 | 14,667,400 | 19,379,100 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 537,000 | 592,000 | 610,400 | 616,400 | 596,500 | 1,178,700 | ||
| Revenue, net | ✕ | ✕ | ✕ | 616,400 | 596,500 | 1,178,700 | ||
| Cost of revenue | (75,000) | (77,000) | (706,000) | (80,100) | (66,400) | (572,900) | ||
| Cost of product and service sold | (75,000) | (77,000) | (80,100) | (66,400) | (562,300) | |||
| Gross profit: | 462,000 | 515,000 | (95,600) | 536,300 | 530,100 | 605,800 | ||
| Operating expenses | (297,000) | (355,000) | 591,300 | (350,200) | (285,000) | (358,500) | ||
| Other undisclosed operating income (loss) | 75,000 | 77,000 | (221,000) | 80,100 | 66,400 | |||
| Operating income: | 240,000 | 237,000 | 274,700 | 266,200 | 311,500 | 247,300 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (1,000) | 23,800 | 21,800 | 11,400 | 8,100 | |||
| Interest and debt expense | (101,000) | (104,000) | (219,200) | (104,100) | (102,800) | (106,800) | ||
| Income from continuing operations before equity method investments, income taxes: | 138,000 | 133,000 | 79,300 | 183,900 | 220,100 | 148,600 | ||
| Income from equity method investments | 33,000 | 23,000 | ||||||
| Other undisclosed income from continuing operations before income taxes | 16,000 | 16,000 | 13,800 | 12,200 | 10,700 | 10,300 | ||
| Income from continuing operations before income taxes: | 187,000 | 172,000 | 93,100 | 196,100 | 230,800 | 158,900 | ||
| Income tax expense (benefit) | 7,600 | (100) | 1,600 | (1,500) | ||||
| Income from continuing operations: | 187,000 | 172,000 | 100,700 | 196,000 | 232,400 | 157,400 | ||
| Income before gain (loss) on sale of properties: | 187,000 | 172,000 | 100,500 | 196,000 | 197,000 | 157,400 | ||
| Loss from discontinued operations | (200) | (35,400) | ||||||
| Net income: | 187,000 | 172,000 | 100,500 | 196,000 | 197,000 | 157,400 | ||
| Net loss attributable to noncontrolling interest | (92,000) | (98,000) | (107,200) | (102,900) | (90,600) | (68,300) | ||
| Other undisclosed net income (loss) attributable to parent | 500 | (13,800) | (23,700) | |||||
| Net income (loss) attributable to parent: | 95,000 | 74,000 | (6,200) | 93,100 | 92,600 | 65,400 | ||
| Preferred stock dividends and other adjustments | (6,500) | (22,500) | ||||||
| Net income (loss) available to common stockholders, diluted: | 95,000 | 74,000 | (6,200) | 93,100 | 86,100 | 42,900 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 187,000 | 172,000 | 100,500 | 196,000 | 197,000 | 157,400 | ||
| Other comprehensive income (loss) | 8,000 | 12,000 | 134,000 | 5,600 | (9,000) | 9,400 | ||
| Comprehensive income: | 195,000 | 184,000 | 234,500 | 201,600 | 188,000 | 166,800 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (92,000) | (98,000) | (107,200) | (102,900) | (90,600) | (68,300) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 500 | (13,800) | (23,700) | |||||
| Comprehensive income, net of tax, attributable to parent: | 103,000 | 86,000 | 127,800 | 98,700 | 83,600 | 74,800 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.